Jones Lang LaSalle has been retained on an exclusive basis to arrange for the sale of 444 3rd Avenue, 6,440 GSF of mixed-use property with over 22' of frontage along 3rd Avenue in the heart of the Gowanus transformation.
444 3rd Avenue presents a unique investment opportunity in the heart of the Gowanus renaissance. The Property, which is 6,440 square feet of mixed-use, showcases more than 22' feet of frontage along 3rd Avenue. Potential investors have the opportunity to take advantage of the existing month-to-month and short-term leases as an opportunity to occupy space or mark in-place tenants up to market. With such a prime location and overall optionality, this property presents a unique investment opportunity. One of the key advantages of this location is its proximity to public transportation. Situated just a few blocks from the 9th Street Subway Station (R line) and the 4th Avenue Subway Station (F & G lines), the property provides convenient access for both residents and customers. Easy access to public transportation increases the overall appeal and value of the property.
The recent rezoning plan for the Gowanus area has triggered significant transformational changes. With over $1 billion in public and private investment pouring into the neighborhood, there is a clear indication of the area's potential growth. These revitalization efforts are set to enhance the overall appeal of the Gowanus neighborhood and consequently increase overall values. As a result, the property at 444 3rd Avenue is well-positioned to benefit from this ongoing revitalization.